Page 695 - Finance News

External commercial borrowings down by nearly 20% in April to $3.16 billion

Of the total external commercial borrowings (ECBs) in April 2019, $2.66 billion was raised through the automatic route, $500 million through approval route while the rest through RDBs

Financial Literacy Week will be observed during June 3-7, says RBI

RBI will undertake a centralised mass media campaign during the month of June on Doordarshan and All India Radio to disseminate essential financial awareness messages to farmers

Is there a room for rate cut? RBI faces calls for liquidity boost

Slower economic growth putting pressure on RBI to ease policy

Retail loan growth slows down to 15.7% in April 2019 from 19% April 2018

Credit card loans rose by 26.4% in April 2019, down from 35.2% in same month in 2018

Banking sector to struggle for two more years amid NPA woes, says Fitch

Fitch lowered the operating environment assessment to "BB+" from "BBB", based on the review of performance in past three years

Bond funds in India embrace duration as RBI rate cut bets intensify

Rate cuts are very much likely, given there are emerging concerns on growth and projected inflation is fairly within the comfort zone, said Rajeev Radhakrishnan

SBI to ramp up small business lending as private banks, NBFCs grow cautious

Chairman Rajnish Kumar calls for government help for weak shadow banks

Exim Bank to raise up to $3 billion through capital markets in FY20

In 2018-19, Exim Bank raised foreign exchange aggregating Rs 8,530 crore through a variety of instruments

Govt likely to adopt Bank of Baroda-like model of merger for PSBs

The central government has to consult the RBI before formulating a plan for PSB merger

IDBI Bank narrows Q4 loss to Rs 4,918 cr; may exit PCA regime by March 2020

The provisions for NPAs stood at Rs 7,233 crore in Q4FY19 as against Rs 10,773 crore for Q4FY18

Bond dealers, economists expect RBI to lower policy rate at June 6 meeting

SBI expects RBI to cut rate by as much as 50 bps at June 6 meet

PNB to mop up Rs 10,000 crore from non-core asset sale, rights issue

In 2018-19, PNB's recovery more than doubled to Rs 20,000 crore from Rs 9,666 crore in 2017-18

NHB directs bigger housing finance firms to appoint chief risk officer

Recently, the liquidity-starved DHFL had said it won't allow premature withdrawals of its deposits

How fintech firms are disrupting the corporate banking ecosystem

The new age companies use different tenets of digital technologies to keep them agile and keep the business model transparent to service the digital savvy customers effectively

Banks can use Aadhaar for KYC with customer's consent, says RBI

The RBI specifies Know Your Customer (KYC) norms to be followed by banks and other entities regulated by it for various customer services, including opening of bank accounts

Murugappa Group's NBFC Cholamandalam Investment raises $222 million

This is the company's first US dollar-syndicated deal since January 2019, when the Reserve Bank of India permitted NBFCs to tap into the offshore credit market

RBI may cut repo rate by 25 bps in June amid global uncertainty: Report

According to Dun & Bradstreet's latest economy forecast, the trade tensions between the US and other countries will have ramifications on emerging economies like India

RBI turns down small finance banks' request to dilute listing norms

Regulator says any such move could be seen as easing licensing terms for these banks

PNB posts net loss of Rs 4750 cr in Q4 on higher provisioning for bad loans

The bank's gross non-performing assets (NPA) declined to 15.50% by March 2019, compared to 18.38% by end of December 2018

RBI extends timing for fund transfer through RTGS till 6 pm from Jun 1: RBI

The minimum amount to be remitted through RTGS is Rs 2 lakh with no upper or maximum ceiling